4557 PARK AVE MINNEAPOLIS MN 55407

PID: 1102824330161

Property Overview

Parcel ID1102824330161

Lot Size3,818 sq ft (0.088 ac)

Lot Dimensions (est.)118 ft wide × 32 ft deep

Year Built1935

Property ClassRESIDENTIAL

OwnerANNA FOSSUM

Assessed Value$342,900

Land Value$83,000

Building Value$259,900

Annual Tax$5,069

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Regina · Minneapolis

Median reported rent1,858/mo

Renter-occupied11.4%

Median home value$326K

Vacancy rate2.9%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1109

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width103 ft

Buildable depth0 ft

Area~1,353 sqft

Lot dimensions are insufficient for the standard setbacks shown.

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 1,353 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4553 PARK AVE MINNEAPOLIS MN 55407	PEGGY A DOTEN	RESIDENTIAL	$379,000	36 ft
4549 PARK AVE MINNEAPOLIS MN 55407	A D RAPACZ & L H RAPACZ	RESIDENTIAL	$472,800	76 ft
4601 PARK AVE MINNEAPOLIS MN 55407	CITY OF LAKES COMM LAND TRST	—	$286,300	110 ft
4545 PARK AVE MINNEAPOLIS MN 55407	MEGAN OAKES & MIKE OAKES	RESIDENTIAL	$445,100	116 ft
4556 COLUMBUS AVE MINNEAPOLIS MN 55407	JANICE CONTONS	RESIDENTIAL	$229,200	132 ft
4552 COLUMBUS AVE MINNEAPOLIS MN 55407	K KOTTEMANN & L KOTTEMANN	RESIDENTIAL	$381,400	137 ft
4548 COLUMBUS AVE MINNEAPOLIS MN 55407	EDWARD E PITTMAN	RESIDENTIAL	$346,400	153 ft
4541 PARK AVE MINNEAPOLIS MN 55407	AMANDA JOERSZ & BRETT JOERSZ	RESIDENTIAL	$394,200	156 ft
4605 PARK AVE MINNEAPOLIS MN 55407	EMILY R WHITE	RESIDENTIAL	$205,100	158 ft
4600 COLUMBUS AVE MINNEAPOLIS MN 55407	CARLA JO LINDSTROM BIELAWSKI	RESIDENTIAL	$237,600	172 ft

Property History

Most Recent Sale

Date202310

Price$414,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,069